33 import commodity groups each posts over US$1 billion in revenue
16:19 | 23/01/2018
According to statistics of the General Department of Customs, 33 groups of import goods in 2017 had an import value of more than US$1 billion each, accounting for 88.7% of the country’s total import turnover.
The highest grossing group included computers, electronic products and components valuing at US$37.71 billion, a year-on-year increase of 35.2%.
The Republic of Korea (RoK) is the largest exporter with an export turnover of US$15.33 billion, up 76.7% against the previous year. It is followed by China (US$7.06 billion, up 19%), and Taiwan (US$3.94 billion, up 24.6%).
Imported machinery, equipment and spare parts are in the second group which earned US$33.67 billion, up 18% compared to the previous year. China took the lead with a value of US$10.87 billion, up 16.8%, followed by the RoK (US$8.63 billion, up 46.6%), and Japan (US$4.26 billion, up 2.2%).
Mobile phone and components ranked third with an import turnover of US$16.34 billion, a year-on-year increase of 54.8%. China and the RoK remained the largest exporters.
Other import commodities with a value of more than US$1 billion included iron and steel (US$9.01 billion), plastic materials (US$7.32 billion), raw materials for the textile and footwear industries (US$5.42 billion), petrol and oil (US$7.04 billion), base metal (US$5.43 billion), and plastic product (US$5.38 billion).
1. According to trade statistics of Vietnam Customs, in April 2018, an 11.1% downwards in total external merchandise turnover of Vietnam was recorded on month-on-month basis. Exports went down 13.1%, to USD 18.37 billion and imports decreased 8.9%, to USD 17.2 billion as compared to the result of March 2018. As a result, there was a USD 1.16 million surplus in Vietnam’s trade balance in this month.
The Vietnam Customs Statistics announced that in the second half of April, 2018 the total Vietnam’s exports of US dollars 9,53 billion and imports of US dollars 8,73 billion resulted in a trade surplus of US dollars 0,8 billion.
VCN- With the tariff reduction roadmap and the tariff reduction due to the implementation of commitments under the FTAs in 2018, the Customs sector’s revenues will reduce about VND 30,150 billion. It is expected that in the coming time, the FTAs will have a great impact on the the Customs sector’s revenues.